Aerospace, Defense & Government Services

Our team of professionals brings an unparalleled level of industry expertise, senior banker attention and personalized service to our clients. Our commitment to excellence and hands-on approach to client services, combined with the resources of one of the largest financial service holding companies in the U.S., enables us to serve our clients with depth, focus and expert execution.


With offices strategically located within the Washington D.C. area, we provide a wealth of knowledge and insight to enable our clients to realize their strategic objectives through:

Mergers and Acquisitions: Including valuation and fairness opinions
Equity Capital Markets: Stock origination, valuation, syndication and sales
Debt Capital Markets: Bond origination, valuation, syndication and sales
Corporate Lending: Broad array of financing options, including syndicated lending
Research: Value-added insights into the equity and debt markets

 

With more than 200 transactions and an aggregate deal value of more than $10 billion, we have one of the leading investment banking teams exclusively focused on the industry

  • DTECH LABS, Inc.

    San Diego, CA-based Cubic Corporation (NYSE:CUB) (“Cubic”), has acquired Sterling, Virginia-based DTECH LABS, Inc. (“DTECH” or “the Company”) for up to $114.5 million, including $15 million of contingent consideration and subject to the terms of the stock purchase agreement. The Company is a leading provider of tactical baseband networking communications equipment that is utilized globally by the United States Special Operations Command as well as customers within the United States Department of Defense and commercial customers. DTECH’s ruggedized communications portfolio includes tactical and strategic networking products for portable, man-packable, vehicular and airborne applications. According to Bradley Feldmann, president and chief executive officer of Cubic Corporation, DTECH is the first step in their near-term strategy to build a niche $100-200 million C4ISR business generating mid-teen EBITDA margins. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to DTECH LABS, Inc. in this transaction.

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  • ARMA Global Corporation

    General Dynamics Corporation (NYSE: GD), through its operating subsidiary General Dynamics Information Technology, Inc. (“GDIT”) has acquired Tampa, Florida-based ARMA Global Corporation (“ARMA” or “the Company”). The Company is a leading provider of highly complex, end-to-end information technology solutions including architecture and engineering, operations and maintenance, big data management, and special communications to the United States Special Operations Command (“USSOCOM”) and the Defense Intelligence community. ARMA employs approximately 775 highly skilled professionals and has rapidly developed a reputation as one of the most nimble and consistently reliable partners for the U.S. Government. ARMA is expected to become the cornerstone of an expanded GDIT presence in the national security and defense intelligence sectors. The two companies expect there to be many synergies associated with the transaction due to General Dynamics’ breadth of technologies and service offerings and ARMA’s unmatched experience and achievement in support of USSOCOM.

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  • Tenacity Solutions Incorporated

    On July 31, 2014, Tenacity Solutions Incorporated (“Tenacity" or “the Company”), a leading provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community was acquired by Computer Sciences Corporation (“CSC"). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Tenacity. Financial terms of the transaction were not disclosed.

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  • Materialise NV (NASDAQ GS: MTLS)

    BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

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  • UTX Technologies Limited

    On March 31, 2014, UTX Technologies Limited ("UTX" or “the Company”), was acquired by Verint Systems Inc. ("Verint"). The purchase price consisted of $82.9 million of cash paid at closing, subject to adjustment, with potential additional future cash payments of up to $1.5 million, contingent upon the achievement of certain performance targets over the period from closing through June 30, 2014.  BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to U-TX in the transaction.

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  • Kinsey Technical Services, Inc.

    On December 13, 2013, Kinsey Technical Services, Inc. (KTSi), a portfolio company of Blue Delta Capital Partners, was acquired by the Scitor Corporation, a portfolio company of Leonard Green & Partners. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to KTSi. Financial terms of the transaction were not disclosed.

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  • Booz Allen Hamilton Inc.

    BB&T Capital Markets served as a co-manager for Booz Allen Hamilton Holding Corporation’s (NYSE: BAH) secondary offering. Booz Allen Hamilton Holding Corporation, the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., sold 12,650,000 shares of Class A common stock previously owned by an affiliate of The Carlyle Group at a price of $17 per share. Following this offering, Carlyle beneficially owns approximately 58.3 percent of the outstanding Class A common stock of Booz Allen Hamilton Holding Corporation. The selling shareholders will receive all net proceeds from the offering.

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  • EXONE

    The ExOne Company (NasdaqGM: XONE) has announced the closing of a previously announced secondary underwritten public offering of 2,656,000 shares of its common stock at a price to the public of $62.00 per share. Of the shares offered, 1,106,000 were new primary shares and 1,550,000 were offered by current selling shareholders. The selling shareholders will receive a proportionate share of the net proceeds from the offering, which closed on September 9, 2013.

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  • Cubic Corporation

    Cubic Corporation (NYSE: CUB) has announced the closing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share. All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic's founder, Walter J. Zable, who passed away in 2012. The selling shareholders will receive all of the net proceeds from the offering which closed on May 21, 2013.

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  • Perficient

    Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, has acquired San Francisco, CA-based Clear Task, Inc. (“Clear Task”), a consulting firm focused entirely on the salesforce.com product suite. BB&T Capital Markets | Windsor Group provided a fairness opinion to Perficient, Inc.

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  • Acquisition - Honeycomb Company of America, Inc.

    Honeycomb Company of America, Inc.

    Honeycomb Company of America, Inc. ("HCOA" or "the Company"), a Sarasota, Florida-based manufacturer of complex, flight critical, bonded, composite assemblies for U.S. military aircraft platforms, has been acquired by Overall Capital Partners ("Overall"). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to HCOA. The terms of the transaction were not disclosed.

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  • IPO Co-Manager - ExOne Digital Part Materialization

    ExOne Digital Part Materialization

    The ExOne Company (the "Company") (Nasdaq: XONE) announced on Tuesday, February 12, 2013, the closing of an initial public offering of 5,483,333 shares of its Common Stock and 611,667 shares of Common Stock from Rockwell Holdings, Inc. ("RHI"), an affiliate of S. Kent Rockwell, ExOne's Chairman and Chief Executive Officer, at a public offering price of $18.00 per share, raising $109,700,000 in gross proceeds. The Company intends to use the net proceeds from the offering to grow its Production Service Centers, make investments in new materials, working capital, and general corporate purposes.

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  • Acquisition - Trinity Technology Group
  • Acquisition - STS Aviation Group

    STS Aviation Group

    STS Aviation Group ("STS" or "the Company"), a Jensen Beach, Florida-based provider of commercial aerospace engineering solutions, aircraft component supply chain management, and line maintenance services, has acquired Advantage Federal Resourcing, Inc. ("AFR"), a government and military engineering solutions provider. With the addition of AFR, STS will grow its workforce to nearly 400 employees and gain traction with new customers in the Department of Defense ("DoD") and the Department of State ("DoS"). STS' business is currently divided into four lines: Aerostaff Services, Engineering Solutions, Line Maintenance, and Component Solutions. Between its divisions, STS supplies highly trained and qualified aircraft maintenance technicians, 24-hour line and hangar data services, mechanical support, and aerospace component and material distribution. Terms of the transaction were not disclosed.

  • Acquisition - USFalcon

    USFalcon

    USfalcon, Inc. (“USfalcon” or “the Company”), an Aberdeen, Maryland-based provider of innovative technical solutions for the U.S. Department of Defense (“DoD”), has sold certain assets to Engineering Solutions & Products, LLC (“ESP”), an Eatontown, New Jersey-based portfolio company of Berkshire Partners, LLC (“Berkshire”), the Boston-based private equity firm. USfalcon provides a wide range of high-end engineering, information technology, and professional services to the U.S. Army and other DoD customers. The Company supports its customers across all phases of the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (“C4ISR”) systems life cycle. In 2006, USfalcon was awarded one of seven prime positions on the $19.3 billion Army Communications Electronics Command (“CECOM”) Strategic Services Sourcing (“S3”) contract vehicle which extends through 2016. As a result of the sale of the assets, ESP has assumed USfalcon’s prime contractor position on the S3 contract.

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Our Areas of Expertise

Aerospace

Airframe & Components; Composites; Avionics Systems; Electronics; MRO; Spares & Replacement Parts; Satellite Communications

Defense

C4ISR; Defense Communications; Unmanned Systems; Hardware and Manufacturing

Government Services

IT and Engineering Services; Cyber Security and Cloud Computing; Big Data Analytics; Intelligence Community; Healthcare

Advanced Manufacturing

 3D Printing, Robotics, Automation, Scanning, Lasers

Golden Era of Commercial Aerospace

Carter LeakeSenior Vice PresidentAerospace, Defense & Government Services GroupPlay The Video

Update on Defense Industry Mergers & Acquisitions

John C. HaganHead of Aerospace, Defense & Goverment Svc GroupPlay The Video